New York’s NYDFS Issues Guidance on Stablecoins
The New York Department of Financial Services (NYDFS) has issued new regulatory guidance for companies that create stablecoins. NYDFS Sets Out Guidance The NYDFS’ guidance sets out three baseline requirements...
Original source
Read on Crypto BriefingRelated market context
Michael Saylor: 25% of Mag8 companies hold Bitcoin on balance sheets
The inclusion of Bitcoin by major tech firms signals a growing trend of digital assets being considered as strategic financial ins...
SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks
The SEC just removed the single biggest legal obstacle standing between Crypto DeFi and US equity markets. On June 11, the agency...
Jason Yanowitz: Transparency and trust are vital for crypto growth, tokenization is reshaping financial markets, and regulation is necessary for industry maturity | Bell Curve
Tokenizing assets could revolutionize financial markets by bringing infrastructure on-chain and enhancing transparency. The post J...
Hester Peirce Farewell Speech Highlights SEC Crypto Rulemaking Divide
TL;DR SEC Commissioner Hester Peirce delivered a farewell speech titled “Peirce Out.” She criticized the agency’s reliance on enfo...
Rob Hadick Warns Tether and Circle Face Rising Pressure From New Stablecoins
Dragonfly General Partner Rob Hadick believes stablecoins are entering a new phase. While USDT and USDC remain dominant today, he...
SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Na...